Recession reflects underfunding of Ontario universities, OCUFA report finds

September 29, 2009

A new report commissioned by the Ontario Confederation of University Faculty Associations attributes the negative effects of the economic downturn on provincial universities to policy changes that started in the mid-1990s, when funding cuts led institutions to pursue private sources of income, such as endowment funds. The recession has resulted in devalued endowments and pension plans, impacting university revenue. The report recommends the province increase operating grants, and reduce tuition fees to 25% of the education cost component of institution finances. OCUFA News Release | Read the full report